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Analysts review Universal Display Corp.’s rating

Universal Display Corp.’s recent filing unveils that its Director LACERTE LAWRENCE unloaded Company’s shares for reported $1.2 million on Feb 27 ’24. In the deal valued at $171.32 per share,7,000 shares were sold. As a result of this transaction, LACERTE LAWRENCE now holds 119,688 shares worth roughly $18.91 million.

Then, Premutico Mauro sold 9,351 shares, generating $1,507,101 in total proceeds. Upon selling the shares at $161.17, the SVP & GM, Licensing now owns 0 shares.

Before that, ELIAS RICHARD C sold 2,000 shares. Universal Display Corp. shares valued at $315,363 were divested by the Director at a price of $157.68 per share. As a result of the transaction, ELIAS RICHARD C now holds 5,767 shares, worth roughly $0.91 million.

TD Cowen reiterated its Universal Display Corp. [OLED] rating to an Outperform in a research note published on February 23, 2024; the price target was $210. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. BofA Securities also remained covering OLED and has increased its forecast on December 18, 2023 with a “Buy” recommendation from previously “Neutral” rating. Susquehanna revised its rating on January 19, 2023. It rated OLED as “a Neutral” which previously was an “a Negative”.

Price Performance Review of OLED

On Tuesday, Universal Display Corp. [NASDAQ:OLED] saw its stock fall -2.49% to $157.98. Over the last five days, the stock has gained 2.65%. Universal Display Corp. shares have fallen nearly -17.40% since the year began. Nevertheless, the stocks have risen 18.37% over the past one year. While a 52-week high of $194.84 was reached on 01/02/24, a 52-week low of $125.98 was recorded on 04/19/24. SMA at 50 days reached $164.89, while 200 days put it at $164.11. A total of 0.33 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For OLED Stock

The 24-hour chart illustrates a support level at 156.41, which if violated will result in even more drops to 154.85. On the upside, there is a resistance level at 161.02. A further resistance level may holdings at 164.07. The Relative Strength Index (RSI) on the 14-day chart is 46.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.03%. Stochastics %K at 61.06% indicates the stock is a holding.

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